Data / Bank failures / 1987 / United Bank
United Bank, Libby, MT: failed May 14, 1987
United Bank in Libby, Montana, failed on May 14, 1987. First National Bank in L of Libby, MT, took over its deposits. It held $15.4 million in assets and $14.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.7 million (11.2% of its assets). By assets it was the 171st largest of 262 banks closed or assisted in 1987.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- May 14, 1987
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First National Bank in L, Libby, MT
- Total assets
- $15,369,000
- Total deposits
- $14,434,000
- Estimated cost to the FDIC
- $1,718,257 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 19324
Other bank failures in Montana, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Security Bank of Glendive | Glendive | December 1, 1989 | $32.4 million | $31.9 million | $387,903 | The First National Bank of |
| Treasure State Bank | Glasgow | June 9, 1989 | $14.6 million | $13.2 million | $2.6 million | Valley Bank of Glasgow |
| Great Falls FS&LA (assistance) | Great Falls | December 30, 1988 | $128 million | $72.7 million | $10.7 million | Western FS&LA of Montana |
| The Village Bank | Great Falls | April 22, 1988 | $21.7 million | $19.5 million | $894,551 | Village Bank of Great FA |
| Valley Bank of Belgrade (assistance) | Belgrade | July 31, 1987 | $18.6 million | $16.4 million | $3 million | Valley Bank of Belgrade |
| Deer Lodge Bank & Trust Company | Deer Lodge | April 9, 1987 | $15.2 million | $14.1 million | $3 million | Peoples BK of Deer Lodge |
| Clarks Fork National Bank | Fromberg | March 19, 1987 | $8.4 million | $8.2 million | $1.2 million | Yellowstone Bank |
| Bank of Columbia Falls | Columbia Falls | May 30, 1986 | $41.5 million | $39.2 million | $18.4 million | First Citizens Bank NA |
All bank failures in 1987 · All bank failures in Montana · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.